Senior Real Estate Accountant

The Dermot Company, a New York and Florida-based real estate developer and operator, is seeking a full-time Senior Real Estate Accountant. Reporting to the Vice President of Finance, the accountant will be responsible for all aspects of accounting for an assigned portfolio.

This is a hybrid position requiring three days in the NYC office. 

ABOUT US

The Dermot Company, LP is a fully integrated real estate enterprise with over 30 years of experience, nearly $4 billion in assets, and 4,500 units under management. As a diversified firm, we develop, invest in, and manage luxury multi-family buildings in New York City and Florida. Dermot is committed to providing an outstanding residential experience for residents and attractive returns to investors.

ABOUT THIS ROLE

As our Senior Real Estate Accountant, we’ll look to you to:

• Complete monthly financial procedures for an assigned portfolio of Dermot properties, including review of accrual & prepaid schedules, bank reconciliations & other balance sheet accounts, and schedules
• Oversee and maintain assigned properties’ books on an ongoing basis working alongside onsite teams; review and approve payables, make timely debt payments, and maintain accurate resident reports/schedules
• Prepare quarterly and annual financial reporting to fulfill and maintain loan compliance requirements
• Assist with operational budgeting, cash forecasting and analysis
• Collaborate cross-functionally; provide guidance and support to onsite property managers, AP/AR, and Investment Teams on financial reporting matters
• Lead audits and tax return filing processes by effectively managing external partners (e.g. tax preparers) and cooperating with auditors; produce accurate financial records (i.e., journal entries & financial transactions) and be a resource for internal and external stakeholders
• Suggest and implement improvements to current accounting and finance processes and procedures
• Provide mentorship and guidance to new hires and junior members of the accounting team
• Serve as a domain expert in GAAP principles and accounting in the real estate industry
• Manage ad hoc projects as needed

ABOUT YOU AND WHAT YOU OFFER

• Bachelor’s degree in Accounting or related field
• A minimum of 3 years of general accounting experience with at least 1 year of RE, PE, or AM accounting experience
• Working knowledge of a real estate asset lifecycle and reporting needs of LP investors
• Strong knowledge of GAAP principles
• Prior experience in public accounting firms supporting multiple clients
• Proficiency in general accounting and budgeting and cash flow concepts
• Exceptional communication, interpersonal, collaboration, presentation, and organization skills
• A strong professional work ethic and commitment to meeting deadlines
• Preferred: CPA license, real estate tax, audit, funds and asset management knowledge
• Must be authorized to work in the United States for any employer without restrictions whatsoever

ABOUT OUR CULTURE, SALARY & BENEFITS

Our team is the most valuable asset we have. The individual life experiences, knowledge, creativity, skills, self-expression, unique capabilities, cultural influences, and talent that our team members share at Dermot collectively contribute to Dermot's culture and success.

Dermot offers a total rewards package that includes base compensation, bonus potential, comprehensive healthcare coverage where the employee-only base plans are funded by Dermot, retirement with match, wellness offerings, employee assistance programs, tuition stipend, parental leave, paid time off, life insurance, long-term disability coverage and more! Dermot also supports its team members with learning and development opportunities and encourages wellness.

The annualized gross compensation range for this position is $105,000-125,000 plus a performance-based bonus incentive. The actual compensation within the range will be based on factors unique to each candidate including geographic location, years, and depth of experience.

Dermot strives for an environment where everyone feels welcome and safe. We actively work to offer equitable opportunities for all and look for the right balance of potential, skills, kindness, and curiosity. Dermot does not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, veteran status, or any other characteristics protected by federal, state, and local laws. We celebrate authenticity and we encourage you to apply if you would like to be considered for this role.